Organizations in Fast-Changing, Uncertain Environments, Such as Those in the Microcomputer

question 68

Multiple Choice

Organizations in fast-changing, uncertain environments, such as those in the microcomputer industry, should have which type of organizational culture?

• A) Flexible.
• B) One with many rules.
• C) Cohesive.
• D) No answers are correct.

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Definitions:

Finished Goods Inventory

Finished Goods Inventory consists of all completed products that are ready for sale but have not been sold yet.

Production Units

The measurable amount of goods or services produced over a specific period of time.

Master Budgeting

A comprehensive financial planning document that encompasses all of a company’s budgets, including sales, production, and financial budgets.

Cash Budget

A cash budget is a financial plan that estimates cash inflows and outflows over a specific period, often used by businesses to manage liquidity and ensure they have enough cash to meet obligations.